Tobias Read OREGON STATE TREASURER

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About Treasury

Overview

The Office of the State Treasurer is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing all state bonds, serving as the central bank for state agencies, and administering the Oregon 529 College Savings Network. The Treasury is managed like a business, striving to save taxpayers money and earn the highest possible return on investments.

State Agency - Oregon Intermediate Term Pool (OITP)

​Overview

The Oregon
Intermediate Term Pool (OITP) provides qualified participants with a vehicle to
invest funds over a long-term investment horizon. The investment objective of
OITP is to maximize total return (i.e., principal and income) within stipulated
risk parameters. OITP is not appropriate for funds needed to cover short-term
(Less than 1 year) needs. OITP is not structured to provide 100% net asset
value (NAV) on each participant’s initial investment therein. Accordingly, OITP
participants may experience gains or losses on their OITP investments due to changes
in market conditions. Funds invested in OITP should able to withstand greater
price volatility to achieve returns often associated with longer-term
investments.

The Oregon
Intermediate Term Pool is actively managed to maintain a short duration through
a diversified portfolio of investment grade quality fixed income investments as
prescribed in the portfolio guidelines. Based upon historical market
performance, it is anticipated that returns over extended periods will be
greater in OITP than in shorter maturity alternatives such as the Oregon Short
Term Fund (OSTF).

Oregon State Treasury
(OST) investment staff will achieve the investment objectives through active
management of the portfolio with the objective to meet or exceed the Bloomberg Barclays
3-5 Year U.S. Aggregate Index.

This pool is not
structured to provide 100% net asset value on each participant’s initial
investment at all times. Due to interest rate changes and market movements, it
is possible to lose money by investing in OITP. For consistency with the
portfolio’s total return objective, the value of each participant’s investment
will be determined on a proportional basis to the net market value of the
entire portfolio.

Shares in OITP
represent a divisible interest in the underlying securities and are not
federally insured or guaranteed by the U.S. Government, Federal Deposit
Insurance Corporation, any federal agency or the State of Oregon. OITP has not
been approved by the Securities and Exchange Commission.

Qualification Process

A state agency may
qualify to invest in OITP by completing the requirements listed
below. Confirmation of completion of each requirement should be provided to
OST investment staff at OITP@ost.state.or.us​.

​a. ​​​​OITP is
an eligible investment for the agency’s surplus funds per ORS.

Performance

Disclaimer

Any information
provided herein has been prepared from sources believed to be reliable but is
not guaranteed, and is for informational purposes only. The information
provided herein should not be regarded as an offer to sell or as a solicitation
of an offer to buy the products mentioned. No representation is made that
any returns will be achieved. Past performance is not indicative of future
results. Opinions expressed herein are subject to change without notice. The
securities and funds mentioned in this document may not be eligible or suitable
for all types of investors. ​​​​​​​​​​​